Electric motors and generators market in Croatia

Earlier Report Observations

The market for electric motors and generators in Croatia contracted from $53.3 million in 2018 to $38.2 million in 2020. In 2020, the Energy Development Strategy of the Republic of Croatia until 2030 with a view to 2050 was adopted, outlining plans to increase the share of renewable energy sources and electrify transport, laying the groundwork for future demand for electric motors and generators. Legislative frameworks to encourage electricity production from renewables and high-efficiency cogeneration were also established that year.

Market size recovered to $45.4 million in 2021 and grew to $54.9 million in 2022, then stabilized near that level in 2023 at $55.0 million. This period was supported by regulatory developments, including a 2023 government Regulation on encouraging electricity production from renewable sources and high-efficiency cogeneration, which introduced detailed notification requirements for operators and affected the market for electric generators. Continued legislative changes focusing on energy efficiency and renewable integration further stimulated market development.

The market surged by 51% to $82.9 million in 2024. This sharp growth was driven by state incentives for electric vehicles, which reached record levels and boosted demand for electric motors in automobiles. Simultaneously, legislative amendments in energy and renewable sources aligned Croatian law with EU directives, including changes to support schemes and market rules for electricity, which encouraged investments in generators and motors for the energy sector.

Production electric motors and generators in Croatia

In value, 2017-2020, K $ US

After a two-year decline, electric motor and generator production in Croatia has rebounded. In 2020, output reached 28 120 thousand US dollars, marking a moderate 5.1% increase compared to the previous year. However, looking at the broader period from 2017 to 2020, production fell by 53.4%, which translates to an average annual decline of 22.5%. The lowest point was in 2019, with production valued at 26 747 thousand US dollars. The sharpest drop occurred in 2018, when production decreased by 34.2%.

Annual dynamics of production in Croatia in value, 2017-2020, K $ US

Exports electric motors and generators from Croatia

Exports in kind, t

Following a two-year reduction, Croatia's exports of electric motors and generators have increased. In 2020, exports totaled 2 762 tonnes, up 16.2% from the previous year. Over the 2017-2020 period, however, exports declined by 24%, with an average annual decrease of 8.7%. The lowest export volume was recorded in 2019 at 2 377 tonnes, which also saw the largest decline of 23.3% that year.

Annual dynamics of product's exports from Croatia in kind, 2017-2020, t

From 2017 to 2020, Italy, Germany, and Bosnia and Herzegovina were the top contributors to Croatia's exports of electric motors and generators in volume terms. Italy accounted for 36.0% of exports, Germany for 12.2%, and Bosnia and Herzegovina for 7.8%. Together, these three countries represented 56.0% of total export flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Croatia in kind, 2017-2020

Exports in value, K $ US

After a two-year decrease, Croatia's exports of electric motors and generators in value terms have risen. In 2020, exports amounted to 27 571 thousand US dollars, a 13.6% increase compared to the previous year. Over the 2017-2020 period, exports fell by 22.8%, averaging an annual decline of 8.3%. The lowest value was in 2019 at 24 278 thousand US dollars, while the largest drop occurred in 2018 with a 22.2% decrease.

Annual dynamics of product's exports from Croatia in value, 2017-2020, K $ US

From 2017 to 2020, Croatia's exports of electric motors and generators in value terms were distributed across multiple countries without a clear dominant partner. Italy led with 18.9% of exports, followed by Germany at 15.2%, and Bosnia and Herzegovina at 8.8%. Together, these three countries accounted for 42.9% of total export flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Croatia in value, 2017-2020

Imports electric motors and generators to Croatia

Imports in kind, t

After a two-year increase, Croatia's imports of electric motors and generators in volume terms have declined. In 2020, imports stood at 2 224 tonnes, reflecting a 10.2% year-over-year drop. Over the 2017-2020 period, imports grew by 2.9%, with an average annual increase of 1.0%. The peak import volume was in 2019 at 2 476 tonnes, while the largest rise occurred in 2018 with a 9.9% increase.

Annual dynamics of product's imports to Croatia in kind, 2017-2020, t

Throughout 2017-2020, China, Italy, and France were the key sources for Croatia's imports of electric motors and generators in volume terms. Together, these three markets accounted for 50.8% of total import flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Croatia in kind, 2017-2020

Imports in value, K $ US

Croatia's imports of electric motors and generators in value terms have declined for the second consecutive year. In 2020, imports reached 37 680 thousand US dollars, representing a moderate 6.3% decrease year-over-year. Over the 2017-2020 period, imports increased by 13.6%, with an average annual growth rate of 4.3%. The highest import value was in 2018 at 41 418 thousand US dollars, which also saw the largest increase of 24.9% that year.

Annual dynamics of product's imports to Croatia in value, 2017-2020, K $ US

From 2017 to 2020, Austria, Germany, and Italy were the largest contributors to Croatia's imports of electric motors and generators in value terms. Austria accounted for 22.7% of imports, Germany for 18.4%, and Italy for 14.8%. Collectively, these three countries made up 55.9% of total import flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Croatia in value, 2017-2020